The financial statement for the period from January 1 to June 30, 2022 (hereinafter: semi-annual financial statement) is submitted by:

• non-profit organizations obliged to keep double-entry bookkeeping,
• non-profit organizations that have been established three years ago or less and
• non-profit organizations that meet the requirements for keeping simple bookkeeping, but have decided to keep double-entry bookkeeping.

Pursuant to the provisions of Article 9, Paragraph 5 of the Act on Financial Operations and Accounting of Non-Profit Organizations (Official Gazette, No. 121/14 - hereinafter: the Act), a non-profit organization is obliged to keep double-entry bookkeeping for the first three years after its establishment. This means that non-profit organizations established during 2020, 2021 and 2022 must keep double-entry bookkeeping and prepare and submit financial statements regardless of the amount of income and value of assets.

Non-profit organizations with organizational parts (subsidiaries) that do not have legal personality (their own identification number and PIN), such as trade unions, submit one financial statement at the level of a legal entity. Therefore, organizational parts (subsidiaries) without legal personality do not submit a semi-annual financial report to the Financial Agency (FINA).

Religious communities, in accordance with the provisions of the Act, are exempt from the obligation to compile and submit financial statements and register in the Register of Non-Profit Organizations. However, legal entities whose founders are religious communities and which were not established with the aim of making a profit (for example, Caritas), and are obliged to keep double-entry bookkeeping, are required to compile and submit a semi-annual financial report.

Pursuant to Article 2 paragraph 2 of the Act, the provisions relating to keeping business books and registration in the Register of Non-Profit Organizations apply to political parties, but the provisions of the Act relating to the preparation and submission of financial statements do not apply to them. Accordingly, political parties do not submit their semi-annual financial statements to FINA.

The provisions of the Act do not apply to institutions whose main goal of establishment and operation is to make profit, to institutions whose founders are natural persons and other legal entities who, in accordance with the regulations governing taxes, are liable to determine and pay profit tax for their entire activity. The mentioned institutions do not submit financial statements for non-profit organizations, but keep accounting and prepare financial statements according to the regulations for entrepreneurs.

For the period from January 1 to June 30, 2022, non-profit organizations submit the Income and Expenditure Report on Form: PR-RAS-NPF. The deadline for submitting the financial report is August 1, 2022. The financial report is submitted to the Financial Agency (an institution authorized to process data for the needs of the Ministry of Finance, FINA). FINA submits data from the financial statements to the Ministry of Finance on a CD, which the Ministry of Finance forwards to the State Statistics Office and the Croatian National Bank. The submitted data are crucial for the creation of statistical data that the European Union member states submit to Eurostat and may not be changed. Therefore, after the specified deadline, i.e. after August 1, 2022, FINA will not receive financial statements.

The financial statements on the prescribed form can be submitted to FINA:

• in electronic form with built-in controls, which is available on the website of the Ministry of Finance
• through paper forms that can be purchased in bookstores.

The form of the financial report in electronic form is filled out exclusively using a computer and submitted to FINA in e-form on a CD or USB, or in e-form via the Internet.

You can find more information about the rules and procedures for filling out this report at the link.

Dana source: Ministry of Finance